XRP Technical Analysis: 28 APR 2025
XRP breaks above the previous intra-day resistance. Source: TradingView
General View
After multiple attempts, XRP has finally broken past the intra-day resistance levels that were capping its upside potential. Price action is now approaching a crucial descending trendline resistance that has been pushing price lower since January 2025. Additionally, sustained strength around current levels could open the door for a broader recovery. If bulls can maintain this resilience, a push toward the higher resistance region in the short term remains on the cards.
On The Upside
XRP has cleared key intra-day resistances, and price is now heading towards the next intra-day levels at $2.35 and $2.44. This is where some partial profit-taking is now expected. However, as long as XRP now maintains strength above the $2.25 level, the potential for the move remains towards the upside.
On The Downside
XRP is currently in a bullish state. As for the session, there are intra-day supports at $2.30 and $2.25 levels. Failure to sustain above $2.25 could expose XRP to minor pullbacks, with intra-day supports resting around $2.20 and $2.00. The chances of the price breaking below $2.25 for the session remain entirely low.
XRP is aiming for the descending trendlines next. Source: TradingView
